[8E Residence nil-rate amount: interest in home goes to descendants etc]
Inheritance Tax Act 1984 (1984 c 51) | Legislation

[8E  Residence nil-rate amount: interest in home goes to descendants etc]

[(1)     Subsections (2) to (7) apply if—

(a)     the person's estate immediately before the person's death includes a qualifying residential interest, and

(b)     N% of the interest is closely inherited, where N is a number—

(i)     greater than 0, and

(ii)     less than or equal to 100,

and in those subsections “NV/100” means N% of so much (if any) of the value transferred by the transfer of value under section 4 [on the person's death] as is attributable to the interest.

(2)     Where—

(a)

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